Global Composites Testing Market to Reach $2.7 Billion by 2030
The global market for Composites Testing estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$2.7 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030. Non-Destructive, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Destructive segment is readjusted to a revised 4.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $468.7 Million, While China is Forecast to Grow at 8.8% CAGR
The Composites Testing market in the U.S. is estimated at US$468.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$641.9 Million by the year 2030 trailing a CAGR of 8.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Select Competitors (Total 12 Featured) -
- Composites Testing Laboratory (CTL)
- Element Materials Technology
- Etim SAS
- Exova Group PLC
- Henkel AG & Co. KGaA
- Instron Corporation
- Intertek Group PLC
- Matrix Composites, Inc.
- Mistras Group, Inc.
- Westmoreland Mechanical Testing & Research, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Composites Testing Laboratory (CTL)
- Element Materials Technology
- Etim SAS
- Exova Group PLC
- Henkel AG & Co. KGaA
- Instron Corporation
- Intertek Group PLC
- Matrix Composites, Inc.
- Mistras Group, Inc.
- Westmoreland Mechanical Testing & Research, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 229 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.8 Billion |
Forecasted Market Value ( USD | $ 2.7 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |